The market performance of Cerence Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $27.50 on 01/06/25, while the lowest value for the same duration was $2.34 on 08/07/24.
52-week price history of CRNC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Cerence Inc’s current trading price is -67.53% away from its 52-week high, while its distance from the 52-week low is 281.62%. The stock’s price range during the 52-week period has remained between $2.34 and $27.50. In the Technology sector, the company’s shares saw a trading volume of around 0.97 million for the day, which was evidently lower than the average daily volume of 1.92 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Cerence Inc (CRNC) has experienced a quarterly decline of -36.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 385.77M and boasts a workforce of 1400 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.47, with a change in price of +2.46. Similarly, Cerence Inc recorded 4,907,218 in trading volume during the last 100 days, posting a change of +38.02%.
Examining CRNC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CRNC stands at 2.24. Similarly, the long-term debt-to-equity ratio is also 1.71.
CRNC Stock Stochastic Average
Cerence Inc’s raw stochastic average for the past 50 days is presently 32.05%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 88.72%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 64.46% and 48.43%, respectively.
CRNC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 13.76%.However, over the last six months, we can see a weaker performance of 198.66%. Over the last 30 days, the price of CRNC has leaped by -9.43%. And in the last five days, it has surged by 21.66%.
